Gwybodaeth Modiwlau
Course Delivery
Delivery Type | Delivery length / details |
---|---|
Lecture | 10 x 2 hours |
Seminars / Tutorials |
Assessment
Assessment Type | Assessment length / details | Proportion |
---|---|---|
Semester Assessment | assessed essay | 20% |
Semester Exam | 3 Hours | 80% |
Supplementary Exam | 3 Hours | 100% |
Learning Outcomes
On completion of this module students should be able to: Critically evaluate (1) the contrasting normative and economic commodity approaches to the study of accounting information, (2) the link between economic income and financial reporting. (3) the application of (2) to standard setting, (4) information as a commodity and its value in an uncertain world, (5) disclosure choice and signaling theory and (6) time series analysis of financial reporting and its predictive role.
Aims
The module is an advanced level study of financial accounting in an information economics setting. The module is a combination of two existing MSc level financial accounting modules and will be core on the revised MSc Accounting and Finance scheme. The module will not be available to students registered on other degree schemes.
Brief description
The module is concerned with the role of financial information in an uncertain world, the pricing of information systems and the signaling role of information with the context of disclosure choice. In addition, the module will examine the use of validation modules in financial reporting and their application in an accounting standard setting.
Content
1. Introduction and discussion of key concepts
2. An information perspective to financial reporting
3. An economic Income approach to financial reporting
4. Valuation relevance of financial reporting including analysis of good will recognition
5. Economic consequences, positive accounting theory and earnings management including accounting for employee share options
6. Accounting regulation
Reading List
In addition to the above texts students are required to read a number of journal articles. A full reading list and module outline is available via Blackboard (http://alto.aber.ac.uk/) and will be distributed in the first lecture. M Bromwich (1992) Financial Reporting, Information and Capital Markets, Pitman Primo search There is no one single textbook that covers the syllabus. Instead students are recommended to have ready access to the following three texts: W Beaver (1998) Financial Reporting: An Accounting Revolution, 3rd edition Prentice Hall Primo search W R Scott (2003) Financial Accounting Theory, 3rd edition Prentice Hall Primo search
Notes
This module is at CQFW Level 7